Prediction of Viticulture Farms Behaviour: An Agent-Based Model Approach

The wine industry has a high business volume and adds value to the economy. This chapter intends to predict the wine firm performance of three of the most relevant Portuguese regions, by resorting to data available on the Portuguese Farm Accountancy Data Network (PTFADN, Resultados medios por exploracao. Available on http://www.gpp.pt/index.php/rica/rede-de-informacao-de-contabilidades-agricolas-rica. Accessed 13 Mar 2018, 2001–2015). The existing social, economic and environmental parameters allowed us to perform function fitting with MATLAB, in order to attain information about the variable’s behaviour. Through the Agent-Based Model (ABM) simulations, it is possible to realize that, in general, the Alentejo region is substantially well prepared to deal with negative scenarios when compared with North and Central regions. Alternative scenarios can be performed in order to develop overall governmental policy recommendations, so as to ensure the sustainability of the three regions.